CORRECTING and REPLACING Pioneer Investments Declares Monthly Distributions for Closed-End Funds

In the first table, the ticker for Pioneer Floating Rate Trust should read "PHD" (instead of: "PHT"). And the ticker for Pioneer High Income Trust should read "PHT" (instead of "PHD").

The corrected release reads: 

PIONEER INVESTMENTS DECLARES MONTHLY DISTRIBUTIONS FOR CLOSED-END FUNDS

Pioneer Investments today announced the declaration of dividends for five closed-end funds for February.

The closing market price and NAV are based on data as of February 3, 2016. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share.

*PHT’s February distribution of $0.0950 per share represents a $0.0200 per share decrease from the previous monthly distribution of $0.1150 per share. MAV’s February distribution of $0.0700 per share represents a $0.0100 per share decrease from the previous monthly distribution of $0.0800 per share. Many fixed income asset classes have experienced spread compression (tightening) in the past 12 months. Therefore, yields on the funds’ securities have trended lower. These distribution changes were made to better align the funds’ distribution rates to their current and projected level of earnings.

All funds are closed-end investment companies. PHD, PHT, MHI and MAV trade on the New York Stock Exchange (NYSE). HNW trades on the NYSE MKT. Pioneer Investment Management, Inc. is each fund’s investment adviser.

Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Pioneer's closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.

© 2016 Pioneer Investment Management, Inc.
Member of the UniCredit Banking Group, Register of Banking Groups

Not FDIC Insured
May lose value
No bank guarantee

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